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Industrial Tax Exemption |
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Industrial Tax ExemptionAn exemption from local property taxes granted to encourage industries to come into an area. Has been used successfully in the South. Usually granted for a definite period.Industrial Tax Exemption Similar MatchesIndustrial concentrationIndustrial concentrationThe extent to which a small number of firms dominates an industry, often measured by the four-firm concentration ratio. Concentration is, in effect, the opposite of competition, though in an open economy imports complicate the relationship. Standard Industrial Classification (SIC)Standard Industrial Classification (SIC)A code system that designates a unique business activity classified by industry. Industrial policyIndustrial policyGovernment policy to influence which industries expand and, perhaps implicitly, which contract, via subsidies, tax breaks, and other aids for favored industries. The purpose, aside from political favor, may be to foster competitive advantage where there are beneficial externalities and/or scale economies. Industrial revenue bond (IRB)Industrial revenue bond (IRB)A bond issued by local government agencies on behalf of corporations. De-industrializationDe-industrializationA decline over time in the share of the manufacturing in an economy, usually accompanied by growth in the share of services. Typically accompanied by an increase in manufactured imports, it may raise concern that the country is losing valuable economic activity to others. Further SuggestionsIndustrialsIndustrial production Newly Industrializing Economy Dow Jones Industrial Average industrial life assurance Import substituting industrialization Newly Industrializing Country |
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